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According to Jinshi reports, the French Ministry of Foreign Affairs calls for a de-escalation of the situation in the Red Sea and points out that the closure of the Strait of Hormuz will have an impact on the global economy.

According to Cointelegraph, Binance's Chief Security Officer Jimmy Su stated that Binance conducts red team testing internally every month to assess the overall security awareness of employees.Testing scenarios include impersonating recruiters, sending free meeting invitations, and enticing employees to submit personal information. Employees who fail the test must undergo corrective training, and the test results will also be included in performance evaluations; if an employee fails severely multiple times, they may face termination.

The well-known cryptocurrency derivatives exchange BitMEX, founded by Arthur Hayes, officially announced that it will close at 04:00 (UTC) on September 23 and has stopped new user registrations. It will stop opening new positions and gradually enforce liquidation starting from August 26.It is reported that BitMEX, as the pioneer of perpetual contract products, gradually withdrew from the operation of BitMEX after being targeted by the U.S. government. In the past few years, BitMEX has continuously sought acquisition without success.

According to Bloomberg, the merger plans of Tether's Twenty One Capital, Strike, and Elektron Energy have been terminated. Jack Mallers, the CEO of Twenty One Capital and Strike, has stepped down from the position of CEO of Twenty One Capital, and Elektron CEO Raphael Zagury has taken over.

According to The Block, U.S. regulators failed to issue the final rules necessary to implement the federal stablecoin framework within the one-year deadline set by the GENIUS Act. This act was signed into law by Trump on July 18, 2025, requiring the OCC, the Federal Reserve, the FDIC, the NCUA, the U.S. Department of the Treasury, and state stablecoin regulatory agencies to complete the supporting rulemaking by no later than July 18, 2026.As of the afternoon of July 18 local time, the main rule proposals released by the OCC, FDIC, NCUA, and the Treasury remain in the proposal stage, with some rules related to the Federal Reserve and anti-money laundering regulation still open for public comment. The report notes that the act does not stipulate that missing the deadline will automatically extend it, nor does it suspend the relevant statutory requirements or delay the overall framework's effectiveness.Among them, the OCC's comprehensive implementation proposal covers reserve assets, capital, liquidity, custody, risk control, and reporting requirements; the FDIC's proposal involves reserves, redemption, custody, and the deposit insurance treatment of stablecoin reserves; the NCUA proposed licensing and operational risk control plans in February and May, respectively, but the comment period for the latter only ended the day before the deadline, making it objectively impossible to complete formal rulemaking before the statutory deadline. The report indicates that this means that some key rules necessary for the operation of the stablecoin framework will not be finalized until at least after the deadline.

According to Jinshi reports, Federal Reserve Chairman Waller stated that recent inflation data does not perfectly reflect the underlying inflation situation.

Coinbase co-founder and CEO Brian Armstrong posted on the X platform, publicly acknowledging that the creator coin previously promoted by the Base chain has not succeeded and that a strategic adjustment was completed earlier this year.Armstrong stated that Base's current core focus areas are trading, payments, and AI agents, which are interconnected—payments require foreign exchange trading, and AI agents will also involve a large number of trading and payment scenarios. Currently, most resources have been concentrated on the trading track.

According to BBX data, yesterday the global publicly listed companies in the U.S. stock market and the proposed listing of crypto giants faced severe differentiation in capital operations, with the core dynamics as follows:The plan for 30,000 BTC giant to go public has collapsed: Cantor Equity Partners I (NASDAQ: $CEPO) and Bitcoin Standard Treasury Company (BSTR) jointly announced through BusinessWire yesterday that they will no longer proceed with the transaction according to the original business combination agreement signed in July 2025. The core reason is that the $1.5 billion PIPE financing has completely failed to materialize. Against the backdrop of Bitcoin dropping about 50% from its historical high, investor interest in the new Bitcoin treasury company has significantly cooled. The shareholder meeting originally scheduled for July 10 has been indefinitely postponed. BSTR originally planned to carry 30,021 BTC to list on Nasdaq and become the world's fourth-largest publicly listed company holding Bitcoin, and this collapse means that its listing path needs to be redesigned.American Bitcoin Corp. completes 1-for-15 reverse stock split and increases holdings: American Bitcoin Corp. (NASDAQ: $ABTC) recently completed a 1-for-15 reverse stock split to meet Nasdaq's minimum stock price listing maintenance requirements. While consolidating shares to maintain its listing, the company announced that it purchased 500 BTC in the secondary market against the trend, increasing its total holdings to 8,000 BTC (fair value of approximately $496 million), ranking 16th globally among publicly listed companies in terms of Bitcoin holdings. The company is approximately 44% owned by Hut 8, and Eric Trump, the second son of Trump, serves as Chief Strategy Officer.

According to CoinDesk, with the official full implementation of the EU's Markets in Crypto-Assets Regulation (MiCA), the European digital asset market has entered a new era of unified regulation. Regarding the impact of MiCA on the industry landscape, Dr. Han, founder and CEO of Gate, stated in an interview that Gate began laying the groundwork for compliance in Europe several years ago and completed preparations for MiCA and Payment Institution (PI) licenses ahead of schedule in 2025. He pointed out that the significance of MiCA lies not only in establishing a unified regulatory framework but, more importantly, in ensuring that all market participants start from the same starting line. "Only when all platforms adhere to the same rules can the industry truly compete based on products, services, and user experience." At the same time, he also mentioned that if unauthorized platforms can still provide services to European users, the fair competition environment will still face challenges, making the effective enforcement of regulations equally crucial.Currently, Gate Europe has been continuously improving its compliance system, risk management, and operational governance capabilities based on the dual licenses of MiCA and PI, while deepening its global compliance layout. In addition to Europe, several entities under Gate have completed relevant regulatory registrations, license applications, or obtained authorizations and approvals in jurisdictions such as Malta, the Bahamas, Japan, the United States, Australia, and Dubai, solidifying the global business foundation through multi-regional regulatory licenses and continuously providing safer, more transparent, and efficient digital asset services to global users. In the future, Gate will continue to adhere to the parallel development of compliance and innovation, promoting the long-term healthy development of the digital asset industry with higher quality product experiences and global service capabilities.

The Central Cyberspace Affairs Commission recently announced the progress of the first phase of the "Clear and Bright: Rectifying AI Application Chaos" special action. Since its launch in April 2026, this action has focused on issues such as large models not being registered as required, insufficient review and filtering capabilities, AI data poisoning, and inadequate implementation of content labeling. As of now, the first phase has dealt with over 14,000 AI products, including non-compliant websites, applications, and intelligent agents, cleaned up more than 6 million illegal and non-compliant pieces of information, handled over 26,000 non-compliant accounts, and removed over 1,300 non-compliant AI products and 9 non-compliant open-source datasets.During the special action, many local cyberspace departments have taken targeted measures such as establishing coordinated regulatory mechanisms and setting up reporting areas. Key platform companies such as Huawei, Alibaba, Zhiyu, and DeepSeek have also successively improved their registration review, content interception, and data anomaly detection mechanisms. The Central Cyberspace Affairs Commission stated that the next phase of governance will focus on cracking down on prominent issues such as the use of AI technology to create and disseminate false information, spread vulgar content, impersonate others, infringe on the rights of minors, and engage in internet water army activities, further increasing enforcement efforts and urging platforms to enhance their prevention and governance capabilities.

David Bailey, Chairman and CEO of the Nasdaq-listed Bitcoin treasury company Nakamoto, stated that the failure of the so-called "BIP-110" long-standing controversial event constitutes an "extreme benefit" for Bitcoin and believes it further validates the network's resistance to attacks and splits.This event is seen as a prolonged "governance layer conflict attempt" involving multiple games such as mining pool competition, client fork proposals, UASF (User Activated Soft Fork) mobilization, node consensus manipulation controversies, and large-scale information warfare surrounding social media and the developer community.David Bailey noted that this process validates the core characteristics of Bitcoin's governance structure: the final consensus is formed collectively by users, miners, developers, and industry participants, rather than being dominated by a single group. Historical similar events (such as BIP148) have proven that miners find it difficult to deviate from consensus, and this event further reinforces that conclusion, demonstrating the Bitcoin network's robust resistance to splits.

a16z crypto Paul Cafiero stated that the technology and cryptocurrency industries are entering the "Show Me" era, where the previous model of gaining market recognition through vision, white papers, tokens, and team backgrounds is failing. With regulatory scrutiny, incidents involving bad actors in the industry, the large-scale entry of traditional financial institutions, and the rapid deployment of AI products, the external audience's tolerance for "stories" has significantly decreased.He believes that after institutions like BlackRock, Fidelity, JPMorgan, and Franklin Templeton entered the cryptocurrency and tokenization space, the threshold for serious projects in the industry has been raised. Project teams now need to demonstrate real data, on-chain transaction volume, active users, revenue, retention, deployed integrations, and verifiable partnerships. He stated that in 2021, it might have been possible to impress the market with 80% vision and 20% facts, but now that ratio has reversed.

Grayscale Research released a report stating that it believes the fair value of the AAVE token could rise to around $175 within a year, with the current price of $75 being undervalued.The report pointed out that DeFi protocols have generated nearly $25 billion in fees since 2023, becoming an asset class that produces real income. Grayscale categorizes crypto assets on a spectrum from pure commodities to cash flow-driven assets, with AAVE, UNI, and SKY being closer to cash flow assets. The report noted that Aave's protocol revenue has grown over 6.6 times in the past three years, with an operating profit margin of about 50%. The report expects Aave to earn about $60 million in revenue by 2026, and based on a fintech company price-to-earnings ratio of 20-25 times, the current fair value market cap is estimated at $1.2-1.5 billion, corresponding to a token price of $80-100. If regulatory clarity accelerates the adoption of tokenized assets, the fair value of AAVE could rise to $175 within a year.Grayscale also pointed out that the accumulation of DeFi value is usually achieved through burning, buybacks, rebates, and staking, and that protocol revenue alone is insufficient to determine token value.

According to Jinshi reports, HSBC analysts pointed out in a report that the current exchange rate of the dollar is below the level implied by the market's expectations for U.S. interest rates. As recent market expectations have shifted from rate cuts to potential rate hikes, the dollar's response has been relatively limited. They believe this may reflect the loose financial environment in the U.S. and the market's expectations for a resolution to the Middle East conflict. If the Federal Reserve fails to support rate hike expectations in next week's meeting, the dollar "may be in trouble."

According to the Korea Herald, the five major virtual asset trading platforms in South Korea (Upbit, Bithumb, Coinone, Korbit, Gopax) have experienced a total of 57 hacking and system failure incidents over the past six years (from 2020 to April 2026), with a total compensation amount of approximately 7 billion Korean won (about 5.1 million USD). By exchange, the number of incidents is as follows: Upbit 26 incidents, Bithumb 14 incidents, Gopax 8 incidents, Coinone 6 incidents, Korbit 3 incidents.Among them, Bithumb compensated approximately 2.5 billion Korean won (about 1.8 million USD) for the BTC misissue incident in February this year, Upbit compensated approximately 790 million Korean won (about 570,000 USD) for a hacking incident in November 2025, and compensated approximately 3.2 billion Korean won (about 2.3 million USD) for a system incident on December 3, 2024. It is worth noting that the standards for compiling incident reports by exchanges and the scale and form of compensation vary. For example, Gopax counts errors that occur when viewing the asset list as system failures, while Bithumb only counts situations where all customers encounter difficulties using core services for more than 10 minutes as system failures.In addition, Bithumb also provided some applicants who suffered losses due to system failures with free fee vouchers instead of cash compensation. The compensation amounts for system failures are as follows: Upbit approximately 3.21 billion Korean won, Bithumb approximately 3.2 billion Korean won, Coinone approximately 49 million Korean won. Korbit and Gopax did not provide any compensation.

According to The Block, regarding the gradual shutdown of the Cardano ecosystem data analysis and infrastructure platform TapTools, Cardano founder Charles Hoskinson responded that TapTools is another loss in the ecosystem following JPG Store, and warned of a potential "wave of failures," expecting more projects to shut down, DeFi operations to cease, and industry consolidation in the second half of the year.He stated that some older projects no longer have investment value, resources to support struggling projects are limited, and he lacks direct control over ecosystem funding decisions and treasury allocation.

SpaceX disclosed in its latest S-1 filing that it holds approximately 18,712 bitcoins, with a current market value of about $1.4 billion, significantly higher than previous market expectations, with a cost of about $661 million. This bitcoin holding has become an important component of SpaceX's balance sheet, accounting for about 1.8% of total assets, making it one of the major corporate bitcoin holders, second only to a few institutions.The more critical issue lies in the financial volatility risk brought about by accounting treatment. Analysts say that measuring bitcoin at fair value will cause its price fluctuations to be directly reflected in the financial reports each quarter, potentially leading to significant profit volatility unrelated to core business (rocket launches, satellite business), creating significant "accounting noise." Market participants believe that this mechanism may make it more difficult for investors to assess SpaceX's true operational performance, with the bitcoin holding potentially evolving from a "strategic reserve asset" to a key variable affecting the stability of financial reports.